Abu Dhabi-Mubasher: Abu Dhabi-based Aabar Investments signed a $4.056 billion (€3.6 billion) loan facility with a syndicate of global banks, according to the company’s statement.
The financing is will be led by a group including Bank of America Merrill Lynch, BNP Paribas, HSBC, Intesa Sanpaolo and JPMorgan Chase.
Meanwhile, the facility will see National Bank of Abu Dhabi (NBAD) act as documentation bank and facility agent, while Natixis, Societe Generale and Sumitomo Mitsui Banking Corporation (SMBC) will be mandated lead arrangers and bookrunners.
The five-year senior unsecured, non-guaranteed facility serves refinance several of Aabar’s pre-existing facilities.
